Slots may not have the most glamorous look, but they are the most popular casino games and some of the biggest wins come from these games. They are not only easy to play but have a low risk, high reward ratio. With the introduction of progressive jackpots, the possible winnings for a single spin have increased astoundingly. This has resulted in players (online and offline) winning jackpots that have turned them into multimillionaires.
The excitement surrounding progressive jackpots is because they increase every time that slot game is played until one lucky player wins it all. How this works is, a percentage of each bet placed in a spin is stored in a pot – the jackpot. If the jackpot is won, it resets itself to a set initial amount that then increases with every play. Do you want to try your luck at Casino Dames?
Online Progressive Jackpots
Online casinos have revolutionised the gambling industry and have prizes that rival those offered in real-world casinos. The world record for the largest online slot win is £13.2 million, which was won by a Jon Heywood in Britain back in 2015. He won the Mega Moolah jackpot.
There was also an Australian player (who chose to remain anonymous) that pocketed a whopping $10.4 million Australian dollars whilst playing the Dark Knight slot. This game has since been discontinued as a result of licensing issues.
PokerStars Casino has recently introduced a few slots with progressive jackpots. The smallest jackpot is valued at over $1 million. Since January 2017, 12 millionaires have emerged on slots, coming to an accumulative $23.6 million in progressive jackpots. The most recent winner was an online player (Anchor72) that won more than $3 million on Millionaires Island.
Online slots offer the opportunity to win massive jackpots, however, the largest slot wins have come from the Megabucks machines in Las Vegas. These machines are operated by the state, and there are over 700 of them around Nevada. These all link to create a progressive jackpot that presently stands at a minimum of $10 million. The most recent winning jackpot was $11.8 million.
For the first time in 1998, the Megabucks jackpot reached over $20 million when a retired flight attendant placed a bet higher than intended in Palace Station. This player certainly did not regret their bet of $300 as it won a return of $27.5 million. The next year, at Caesars Palace, the Megabucks paid out $21 million – after one spin that cost a measly $10!
The largest recorded slot win was by a software engineer in Los Angeles. He placed a bet of $100 on the Megabucks at Excalibur back in 2003. He won the biggest jackpot Vegas ever had to offer to this day – $39.7 million. The pot had to be paid out in annual instalments of $1.5 million over 25 years.
A Tale of Misfortune
New Yorker, Katrina Bookman was a patron at the Resort World Casino and was playing on the slots when she was presented a winning ticket of $42.9 million. This was almost the largest casino win in the history of ever, if only it was not due to a malfunction. The machine she was playing on only had a maximum winning potential of $6,500. Reports say she was offered a steak dinner by the casino as an apology, we can bet there were a more than a few complimentary cocktails sent to the table.
Slots are the games to beat if you are looking for a high return on your wagers. These games are easily understood and highly entertaining. You do not need to jet to Vegas for the big wins, you can also stay in the comfort of your home as hit it big while you’re sitting on your couch.